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Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure
|Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise.
Sequoia revokes dividends, chief financial officer exits
|Sequoia will not pay any dividends in the financial year, revoking interim dividend it had announced earlier in the year of one cent per share, as an adviser exodus puts pressure on its revenue.
Acclaim Wealth names chief executive
|The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm.
Global X cuts fees on gold ETF
|Global X has reduced fees on its Gold Bullion ETF, following in the footsteps of VanEck after it cut fees for its gold ETF last week.
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Featured Profile
Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
What a stupid attitude from Medcraft. Does this mean before anyone hires an electrician they should know all the rules and obligations of an electrician's duties before hiring? Does Medcraft know what he is getting paid to do? In fact what does he think he is getting paid to do? Yep let's all get in our cars and speed. The police won't get us - that will be our responsibility. Wake up to yourself Medcraft or get lost in your own fantasy world.
Unbelievable - what is ASIC role?
Medcraft is already in charge of the most useless government department I have ever dealt with, and now he makes this ridiculous statement.
If ASIC reported to a Minister then we may be able to have things changed but unfortunately there is no Minister responsible for ASIC.
ASIC does not answer to anybody, maybe if this changed we would see something positive and useful come from ASIC
These comments appear to be the ranting of someone who is incredibly arrogant or delusional.
My life insurance company is ignoring my request for assurance that my Whole of Life policies, which I have been paying into for decades, are being managed equitably, despite plummeting performance.
According to Mr Medcraft, whose organisation ASIC should be trusted by no one, expects me to educate myself by obtaining a degree in actuarial studies to understand the complexities of these policies.